en2016-12-10T02:56:36+00:00Recent Changes to the Bank of Canada’s Emergency Lending Assistance Policyhttp://www.bankofcanada.ca/wp-content/uploads/2016/11/boc-review-autumn16-graham.pdf
Emergency Lending Assistance (ELA) is a discretionary last-resort collateralized loan or ad-vance by the Bank of Canada to eligible financial institutions (FIs) and financial market infrastructures (FMIs) facing serious liquidity problems. In December 2015, the Bank revised its ELA policy to (i) replace the requirement for an FI’s solvency with the requirement for a credible recovery and resolution framework; (ii) include mortgages as eligible collateral; and (iii) clarify both the eligibility requirements for FMIs and provincially regulated deposit-taking FIs.2016-11-17T12:09:48+00:00enRecent Changes to the Bank of Canada’s Emergency Lending Assistance Policy2016-11-17The Impact of Liquidity on Bank Profitabilityhttp://www.bankofcanada.ca/2010/12/working-paper-2010-38/
The recent crisis has underlined the importance of sound bank liquidity management. In response, regulators are devising new liquidity standards with the aim of making the financial system more stable and resilient. In this paper, the authors analyse the impact of liquid asset holdings on bank profitability for a sample of large U.S. and Canadian banks.2010-12-23T13:04:16+00:00enThe Impact of Liquidity on Bank Profitability2010-12-23Financial InstitutionsFinancial stabilityFinancial system regulation and policiesWorking Paper 2010-38http://www.bankofcanada.ca/wp-content/uploads/2010/12/wp10-38.pdfThe Impact of Liquidity on Bank ProfitabilityÉtienne BordeleauChristopher GrahamDecember 2010GG2G21G3G32G33Regulatory Constraints on Bank Leverage: Issues and Lessons from the Canadian Experiencehttp://www.bankofcanada.ca/2009/12/discussion-paper-2009-15/
The Basel capital framework plays an important role in risk management by linking a bank's minimum capital requirements to the riskiness of its assets. Nevertheless, the risk estimates underlying these calculations may be imperfect, and it appears that a cyclical bias in measures of risk-adjusted capital contributed to procyclical increases in global leverage prior to the recent financial crisis.2009-12-01T11:50:45+00:00enRegulatory Constraints on Bank Leverage: Issues and Lessons from the Canadian Experience2009-12-01Financial InstitutionsFinancial stabilityFinancial system regulation and policiesDiscussion Paper 2009-15http://www.bankofcanada.ca/wp-content/uploads/2010/01/dp09-15.pdfÉtienne BordeleauAllan CrawfordChristopher GrahamDecember 2009GG0G01G2G21G28Regulatory Constraints on Leverage: The Canadian Experiencehttp://www.bankofcanada.ca/wp-content/uploads/2012/01/fsr-0609-crawford.pdf
2009-06-21T10:21:12+00:00enRegulatory Constraints on Leverage: The Canadian Experience2009-06-21Corporate Balance Sheets in Developed Economies: Implications for Investmenthttp://www.bankofcanada.ca/2007/03/working-paper-2007-24/
In this paper, the authors examine the aggregate national balance-sheets of non-financial corporations in Australia and the G7 countries with a view to assessing both their financial structure and their financial position. More importantly, the authors investigate whether the financial position of non-financial corporations (i.e., debt-to-equity ratio) is material to the economy's investment prospects and whether the importance of this channel differs depending on the structure of corporate financing i.e., bank-based or market-oriented financing structures.2007-03-11T11:41:40+00:00enCorporate Balance Sheets in Developed Economies: Implications for Investment2007-03-11Business fluctuations and cyclesInternational topicsWorking Paper 2007-24 http://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-24.pdfCorporate Balance Sheets in Developed Economies: Implications for InvestmentDenise CôtéChristopher GrahamMarch 2007EE2E22E3E32E4E44Convergence of Government Bond Yields in the Euro Zone: The Role of Policy Harmonizationhttp://www.bankofcanada.ca/2004/06/working-paper-2004-23/
Since the early 1980s, long-term government bond yields in the euro zone have declined, in line with those in other industrialized countries.2004-06-01T17:37:26+00:00enConvergence of Government Bond Yields in the Euro Zone: The Role of Policy Harmonization2004-06-01Interest ratesInternational topicsWorking Paper 2004-23 http://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-23.pdfConvergence of Government Bond Yields in the Euro Zone: The Role of Policy HarmonizationDenise CôtéChristopher GrahamJune 2004CC2C23EE4E43E44FF3F36Financial Conditions Indexes for Canadahttp://www.bankofcanada.ca/2004/06/working-paper-2004-22/
The authors construct three financial conditions indexes (FCIs) for Canada based on three approaches: an IS-curve-based model, generalized impulse-response functions, and factor analysis.2004-06-01T17:32:43+00:00enFinancial Conditions Indexes for Canada2004-06-01Monetary and financial indicatorsMonetary conditions indexWorking Paper 2004-22 http://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-22.pdfFinancial Conditions Indexes for CanadaCéline GauthierChristopher GrahamYing LiuJune 2004EE4E44E5E52